Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 17, 2020 to file lead plaintiff applications in a securities class action lawsuit against ProAssurance Corporation (NYSE: PRA).
ProAssurance and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 8, 2020, following prior negative disclosures regarding the Company’s relationship with one of its very large clients, the Company disclosed that the client would likely not be renewing its policy but instead exercise an option for tail coverage that would result in an additional $50 million in losses for 2Q 2020.
On this news, the price of ProAssurance’s shares plummeted.
If you purchased shares of ProAssurance and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Sheet Metal Workers Local 19 Pension Fund v. Proassurance Corporation, et al., 20-cv-856.
Click here to read the first filed complaint.